Cinnober to upgrade Borsa Italiana's market data dissemination solution
(Thomson Reuters ONE) -
Cinnober and Borsa Italiana-part of the London Stock Exchange Group-will conduct
an upgrade of DDM Plus, the real-time market data system. The upgrade order to
the Swedish technology provider is a result of LSE's decision to implement the
SOLA trading platform also for the Italian derivatives market.
DDM Plus consolidates and disseminates market data from the entire Borsa
Italiana, consisting of the share, derivatives, fixed income and certificates
markets as well as their indices. European market data vendors and market
participants can choose from five different levels of market depth when they
subscribe to the data.
The DDM Plus system is based on Cinnober's high-performance TRADExpress
platform. The first version of the solution was delivered in 2006 and a license
and support agreement was extended in late 2009.
"Yet another example that our solutions have the embedded flexibility to meet
future and changing marketplace demands," said Nils-Robert Persson, Executive
Chairman of Cinnober. "Our customers rely on us for leading technology that
delivers more than promises; no one beats us at supplying effective trading and
clearing solutions on plan and budget with a low cost of ownership."
Cinnober is the leading independent provider of marketplace technology;
delivering solutions for trading, market data distribution, market surveillance,
clearing and real-time risk management. The company has an impeccable track
record of supplying solutions to prominent trading venues such as Alpha Trading
Systems, Burgundy, the Chicago Board Options Exchange, the London Metal
Exchange, Markit BOAT, NYSE Liffe and Turquoise.
Late in 2009 the British derivatives arm of LSE, EDX London, also shifted to the
SOLA trading platform, utilized under license from Canadian TMX Group. Cinnober
is also the technology provider of the new market surveillance system at EDX
London.
For further information, please contact:
Nils-Robert Persson
Executive Chairman, Cinnober Financial Technology AB
Tel. +46-(0)70 552 52 28
About Cinnober Financial Technology AB
Cinnober provides mission-critical systems to a number of leading exchanges and
trading venues, including Alpha Trading Systems, Burgundy, the Chicago Board
Options Exchange, the London Metal Exchange, Markit BOAT, NYSE Liffe and
Turquoise. Cinnober's products are highly customizable and based on TRADExpress,
a scalable, high-performance, low-latency platform for transaction processing.
TRADExpress is 100% Java-based, enabling solutions that are flexible, as well as
hardware- and database-independent. For additional information about Cinnober,
please visitwww.cinnober.com
[HUG#1408363]
Press release (PDF): http://hugin.info/139660/R/1408363/361100.pdf
Unternehmensinformation / Kurzprofil:
Datum: 27.04.2010 - 09:15 Uhr
Sprache: Deutsch
News-ID 19737
Anzahl Zeichen: 0
contact information:
Town:
Stockholm
Kategorie:
Business News
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"Cinnober to upgrade Borsa Italiana's market data dissemination solution"
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